686 NC 98 Hwy E - Warehouse FOR SALE


Bunn, NC 27508
$1,600,000 USD
919-704-0101
686 NC 98 Hwy E, Bunn, NC for Sale
$1,600,000 USD
Warehouse - FOR SALE
1/5
null | 7.83% Cap Rate

686 NC 98 Hwy E
Bunn, NC 27508


HIGHLIGHTS

  • In-Place Industrial Income - Approx. $143K gross annual income with existing industrial users in place.
  • Rare I-2 Heavy Industrial Zoning - Allows IOS, manufacturing, outside storage, contractor yard, recycling, salvage, and flex industrial uses
  • Existing Industrial Campus - 9 buildings totaling 26,275 SF with utilities, 3-phase power, and high-speed internet.
  • IOS / Laydown Yard Opportunity - Gated site ideal for industrial outdoor storage, equipment yard, truck parking, or contractor operations
  • 47.02± Acres with Expansion Potential - Excess land supports additional buildings, IOS yard expansion, or phased development.

OVERVIEW

Offered at $1,600,000, this 47.02± acre industrial investment property combines in-place income, highly sought-after industrial zoning, and long-term expansion potential. The property currently generates approximately $143,200 in gross annual income from existing industrial users, with an estimated NOI of approximately $125,000 annually based on known operating expenses. The site includes nine industrial buildings totaling approximately 26,275 SF and is zoned I-2 Heavy Industrial within the Bunn ETJ, allowing for a wide range of light and heavy industrial uses, including IOS (Industrial Outdoor Storage), contractor yard, manufacturing, outside storage, recycling/salvage, equipment storage, and multi-tenant industrial or flex uses. This is not speculative land. The property functions today as an active industrial campus with 3-phase power, high-speed internet, water, and phone infrastructure already in place. All buildings have water and power, and over $30,000 has been invested in bringing high-speed internet service to the site. The current layout and excess land provide significant upside through additional leasing opportunities, IOS/laydown yard expansion, outdoor storage revenue, or future phased industrial development. Very few properties in the region offer: • Existing industrial income • 47± contiguous industrial acres • Rare I-2 heavy industrial zoning • IOS capability • Functional industrial buildings • Expansion land with infrastructure already in place Additional lease information, income details, and site tours are available upon request.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

7.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

45.8

LAND SF

1,995,048

ZONING

I 2

APN/PARCEL ID

000013

ASK ABOUT THIS PROPERTY

Tyler MillsSteele Commercial, LLCMore Info
919-704-0101

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Tyler MillsSteele Commercial, LLCMore Info
919-704-0101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.